user
Write a response that appropriately completes the request.

### Instruction:
Describe the economy of Singapore

### Response:
assistant
Singapore has a highly developed and successful free-market economy. It is a major financial and trading center and the nation's per capita GDP is among the highest in the world. Singapore's economy is heavily reliant on exports, particularly in electronics, information technology and chemical products. The country has attracted a lot of foreign investments and is one of the largest recipients of Foreign Direct Investment (FDI) in the world. It is also known for its low taxes and its manufacturing industry, which produces a wide range of products including electronics, communications and medical technology.